For Immediate Release
CHICAGO, October 28, 2024—Cushman & Wakefield announced today that it represented OrthoNebraska in the sale-leaseback of its specialty orthopedic hospital at 2808 S. 143rd Plaza in Omaha, Nebraska.
Cushman & Wakefield’s Healthcare Capital Markets group, comprised of Gino Lollio, Travis Ives, Sushil Puria, and Tyler Morss, along with TJ Twit of The Lund Co., an alliance of Cushman & Wakefield, represented OrthoNebraska in the transaction with buyer Montecito Medical.
Built in 2004 and expanded in 2020, the 70,000-square-foot acute-care hospital on 0.63 acres is fully occupied by OrthoNebraska. It is a two-story facility dedicated to musculoskeletal care with 24 in-patient beds, 12 operating rooms, and several treatment rooms. The property also includes 63 underground, temperature-controlled garage parking stalls and 220 surface parking stalls.
OrthoNebraska is the largest orthopedics practice in Nebraska, with 35 surgeons who treat patients across the continuum of care for orthopedic procedures.
“As a leading orthopedic practice housed in a top-tier facility with a long-term sale-leaseback agreement, this opportunity generated strong interest from a wide range of investors, including private, institutional and healthcare real estate-focused buyers,” Lollio said. “The teams at OrthoNebraska and Montecito played a pivotal role, delivering outstanding work and adding significant value throughout the transaction.”
Twit added, “Completing this transaction in a volatile investment market required tremendous communication and trust among the parties. Fortunately, neither were in short supply.”
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
About OrthoNebraska
OrthoNebraska is the state’s largest orthopedic and musculoskeletal provider, with locations in eastern Nebraska and southwestern Iowa. OrthoNebraska combines the strength of two long-trusted organizations: OrthoWest and Nebraska Orthopaedic Hospital to create inspired healthcare experiences and life-enhancing outcomes. OrthoNebraska’s comprehensive care includes both surgical and non-surgical intervention, supported by a range of sub-specialized providers. OrthoNebraska makes world-class orthopedic care more accessible and more personalized through a dynamic network of clinics, emergency and orthopedic urgent care services, & outreach. Services include Emergency Room, Imaging, Joint Replacement, Non-Surgical Treatment, Orthopedic Urgent Care, Pain Management, Physical & Occupational Therapy, Sports Medicine, Sport Performance & Adult Fitness, Spine Care, Podiatry, Surgery, & Workers’ Compensation.
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